Letter to the Age 29/06/09
The ups and downs
Re your page 1 headline about State land tax (Age 27/6). Our forecast in THE AGE Opinion Section on 11 March didn’t take long to materialise, did it? We said that the same property ‘investors’ (read speculators) who got land tax concessions for themselves as our real estate prices headed skyward will put their hands out for more when they start to collapse.
Wow! That would be some quite result in comparison to all other taxpayers, wouldn’t it, getting tax reductions for yourself both on the upside and the downside of the real estate bubble?
Land Values Research Group